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    Renovated Office Suite in Lexington Title is generated by Realmo AI

    169 E Reynolds Road, Lexington, KY 40517

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    For Lease
    $500/Mo $40 SF/Yr (calc)

    COMMERCIAL - Lexington, KY

    Type:Office
    Property size:
    148 SF
    Lot size:
    0.94 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    130
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 169 E Reynolds Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Open
    Standard status
    Active
    APN
    25900819.
    Size
    148 SF
    Lot size
    0.94 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Floors in Building
    2

    We can help!

    Listing Contact
    Michelle Gunter
    Michelle Gunter

    Listing agent Michelle Gunter License #220002

    Listing office Bluegrass Home Group 259 Pasadena Dr, Nicholasville, KY

    Listing date Jan 6, 2026

    MLS# 26000340

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in a high‑traffic commercial area, steps from Fayette Mall, Lexington Green, and The Summit.
    • All‑inclusive rent covers water, electric, trash, common area maintenance, property taxes, and insurance.
    • Freshly renovated office suite with new luxury vinyl plank flooring and paint.
    • Excellent visibility and quick access to Nicholasville Road and New Circle Road.
    • Ample guest parking for convenient client and staff access.
    • 24‑hour access and outdoor lighting for operational flexibility.

    Overview

    This freshly renovated office suite is located in a high-traffic commercial area of Lexington. The office space features shared restrooms, new luxury vinyl plank flooring, and fresh paint. The location provides visibility and quick access to Nicholasville Road and New Circle, and is situated steps from Fayette Mall, Lexington Green, and the Summit. Guest parking is available. The rent includes water, electric, trash, common area maintenance, property taxes, and insurance. The tenant is responsible for rental insurance, phone, and internet. The property offers 24-hour access and outdoor lighting. Additional office suites are available. The lot size is 0.94 acres. The property size is 148 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A & H Balance Co ... Hardware & Home Improvement Hitwell Video Inc Factory Asa Pham: Allstate ... Insurance Agency T C Contracting ... Construction Company Fashion Fit Alterations (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.519903
    Latitude
    37.990959

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    FAQs

    What type of property is this?
    Office units - Freshly renovated office space in high-traffic Lexington commercial area.
    Where is this office units located?
    The property is located at 169 E Reynolds Road Lexington, KY.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Prime location in a high‑traffic commercial area, steps from Fayette Mall, Lexington Green, and The Summit.; All‑inclusive rent covers water, electric, trash, common area maintenance, property taxes, and insurance.; Freshly renovated office suite with new luxury vinyl plank flooring and paint.
    (859) 552-6672
    We can help!
    Listing Contact
    Michelle Gunter
    Michelle Gunter
    Real Estate License ID: 220002
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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